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Side-by-side financial comparison of ARBOR REALTY TRUST INC (ABR) and VEECO INSTRUMENTS INC (VECO). Click either name above to swap in a different company.

VEECO INSTRUMENTS INC is the larger business by last-quarter revenue ($165.0M vs $133.4M, roughly 1.2× ARBOR REALTY TRUST INC). On growth, VEECO INSTRUMENTS INC posted the faster year-over-year revenue change (-9.4% vs -12.1%). Over the past eight quarters, VEECO INSTRUMENTS INC's revenue compounded faster (-2.8% CAGR vs -8.9%).

Arbor Realty Trust Inc. is a U.S.-headquartered specialized real estate investment trust (REIT). It primarily provides structured financing solutions for multifamily residential and commercial real estate projects, including bridge loans, agency lending, and mezzanine financing. Its core market covers the U.S. real estate sector, serving property owners, developers and real estate investors nationwide.

Veeco Instruments Inc. is a global capital equipment supplier, headquartered in the U.S., that designs and builds processing systems used in semiconductor and compound semiconductor manufacturing, data storage and scientific markets for applications such as advanced packaging, photonics, power electronics and display technologies.

ABR vs VECO — Head-to-Head

Bigger by revenue
VECO
VECO
1.2× larger
VECO
$165.0M
$133.4M
ABR
Growing faster (revenue YoY)
VECO
VECO
+2.7% gap
VECO
-9.4%
-12.1%
ABR
Faster 2-yr revenue CAGR
VECO
VECO
Annualised
VECO
-2.8%
-8.9%
ABR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABR
ABR
VECO
VECO
Revenue
$133.4M
$165.0M
Net Profit
$1.1M
Gross Margin
36.7%
Operating Margin
-0.8%
Net Margin
0.7%
Revenue YoY
-12.1%
-9.4%
Net Profit YoY
-92.6%
EPS (diluted)
$0.08
$0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ABR
ABR
VECO
VECO
Q4 25
$133.4M
$165.0M
Q3 25
$112.4M
$165.9M
Q2 25
$130.4M
$166.1M
Q1 25
$134.2M
$167.3M
Q4 24
$151.7M
$182.1M
Q3 24
$156.7M
$184.8M
Q2 24
$153.1M
$175.9M
Q1 24
$160.7M
$174.5M
Net Profit
ABR
ABR
VECO
VECO
Q4 25
$1.1M
Q3 25
$52.0M
$10.6M
Q2 25
$36.3M
$11.7M
Q1 25
$43.4M
$11.9M
Q4 24
$15.0M
Q3 24
$73.5M
$22.0M
Q2 24
$61.8M
$14.9M
Q1 24
$73.2M
$21.9M
Gross Margin
ABR
ABR
VECO
VECO
Q4 25
36.7%
Q3 25
40.8%
Q2 25
41.4%
Q1 25
40.9%
Q4 24
40.6%
Q3 24
42.9%
Q2 24
42.9%
Q1 24
43.2%
Operating Margin
ABR
ABR
VECO
VECO
Q4 25
-0.8%
Q3 25
6.4%
Q2 25
7.4%
Q1 25
8.5%
Q4 24
2.1%
Q3 24
13.2%
Q2 24
9.5%
Q1 24
46.9%
12.6%
Net Margin
ABR
ABR
VECO
VECO
Q4 25
0.7%
Q3 25
46.3%
6.4%
Q2 25
27.8%
7.1%
Q1 25
32.3%
7.1%
Q4 24
8.2%
Q3 24
46.9%
11.9%
Q2 24
40.4%
8.5%
Q1 24
45.6%
12.5%
EPS (diluted)
ABR
ABR
VECO
VECO
Q4 25
$0.08
$0.02
Q3 25
$0.20
$0.17
Q2 25
$0.12
$0.20
Q1 25
$0.16
$0.20
Q4 24
$0.31
$0.25
Q3 24
$0.31
$0.36
Q2 24
$0.25
$0.25
Q1 24
$0.31
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABR
ABR
VECO
VECO
Cash + ST InvestmentsLiquidity on hand
$482.9M
$163.5M
Total DebtLower is stronger
$11.1B
$226.0M
Stockholders' EquityBook value
$3.0B
$885.5M
Total Assets
$14.5B
$1.3B
Debt / EquityLower = less leverage
3.75×
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABR
ABR
VECO
VECO
Q4 25
$482.9M
$163.5M
Q3 25
$423.4M
$193.2M
Q2 25
$255.7M
$188.9M
Q1 25
$308.8M
$174.9M
Q4 24
$503.8M
$145.6M
Q3 24
$687.5M
$163.2M
Q2 24
$737.5M
$174.2M
Q1 24
$908.0M
$174.0M
Total Debt
ABR
ABR
VECO
VECO
Q4 25
$11.1B
$226.0M
Q3 25
$10.4B
$225.7M
Q2 25
$10.1B
$225.4M
Q1 25
$9.9B
$250.0M
Q4 24
$10.0B
$276.2M
Q3 24
$10.3B
$275.9M
Q2 24
$10.6B
$275.6M
Q1 24
$11.4B
$275.2M
Stockholders' Equity
ABR
ABR
VECO
VECO
Q4 25
$3.0B
$885.5M
Q3 25
$3.0B
$876.0M
Q2 25
$3.0B
$856.2M
Q1 25
$3.0B
$811.9M
Q4 24
$3.0B
$770.8M
Q3 24
$3.0B
$746.5M
Q2 24
$3.1B
$715.0M
Q1 24
$3.1B
$687.9M
Total Assets
ABR
ABR
VECO
VECO
Q4 25
$14.5B
$1.3B
Q3 25
$13.9B
$1.3B
Q2 25
$13.6B
$1.3B
Q1 25
$13.4B
$1.3B
Q4 24
$13.5B
$1.3B
Q3 24
$13.9B
$1.3B
Q2 24
$14.2B
$1.2B
Q1 24
$15.1B
$1.2B
Debt / Equity
ABR
ABR
VECO
VECO
Q4 25
3.75×
0.26×
Q3 25
3.47×
0.26×
Q2 25
3.40×
0.26×
Q1 25
3.29×
0.31×
Q4 24
3.29×
0.36×
Q3 24
3.40×
0.37×
Q2 24
3.47×
0.39×
Q1 24
3.68×
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABR
ABR
VECO
VECO
Operating Cash FlowLast quarter
$372.4M
$24.9M
Free Cash FlowOCF − Capex
$21.7M
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
22.38×
TTM Free Cash FlowTrailing 4 quarters
$53.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABR
ABR
VECO
VECO
Q4 25
$372.4M
$24.9M
Q3 25
$178.7M
$15.5M
Q2 25
$60.0M
$9.0M
Q1 25
$150.5M
$20.0M
Q4 24
$461.5M
$28.4M
Q3 24
$85.0M
$17.6M
Q2 24
$69.9M
$8.5M
Q1 24
$260.0M
$9.4M
Free Cash Flow
ABR
ABR
VECO
VECO
Q4 25
$21.7M
Q3 25
$13.0M
Q2 25
$5.4M
Q1 25
$13.2M
Q4 24
$23.2M
Q3 24
$13.6M
Q2 24
$5.5M
Q1 24
$3.4M
FCF Margin
ABR
ABR
VECO
VECO
Q4 25
13.1%
Q3 25
7.8%
Q2 25
3.3%
Q1 25
7.9%
Q4 24
12.7%
Q3 24
7.4%
Q2 24
3.1%
Q1 24
1.9%
Capex Intensity
ABR
ABR
VECO
VECO
Q4 25
2.0%
Q3 25
1.6%
Q2 25
2.2%
Q1 25
4.0%
Q4 24
2.8%
Q3 24
2.2%
Q2 24
1.7%
Q1 24
3.4%
Cash Conversion
ABR
ABR
VECO
VECO
Q4 25
22.38×
Q3 25
3.44×
1.47×
Q2 25
1.65×
0.77×
Q1 25
3.47×
1.67×
Q4 24
1.90×
Q3 24
1.16×
0.80×
Q2 24
1.13×
0.57×
Q1 24
3.55×
0.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ABR
ABR

Segment breakdown not available.

VECO
VECO

Asia Pacific Excluding China$89.9M54%
Other$44.8M27%
Compound Semiconductor$20.1M12%
Data Storage$10.2M6%

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